The Goods and Services Tax regime has revolutionized India’s indirect tax landscape, bringing with it robust audit mechanisms designed to ensure compliance and prevent revenue leakage. Among these mechanisms, GST audit under Section 66 stands as a
The digitization of India’s tax system reached a significant milestone with the introduction of electronic invoicing, commonly known as E-Invoice. This revolutionary system has fundamentally transformed how businesses handle their invoicing processes under the Goods and
The introduction of the Goods and Services Tax (GST) in July 2017 marked a significant transformation in India’s indirect tax structure. Among the various compliance mechanisms introduced under this regime, the electronic Way Bill (e-Way Bill) stands as a
Receiving a GST notice is more than just an administrative inconvenience—it’s often the first signal that your compliance processes are under scrutiny. Among the most consequential provisions in the GST regime are Section 73 and 74 of the CGST Act, 2017. These two sections
The GST law in India is continuously evolving. With every change, compliance expectations shift, and businesses must adapt. The 53rd GST Council Meeting held on 22nd June 2024 has introduced significant amendments, particularly the insertion of a new Section 74A along with refinements in Sections 73 and 74 of the
Since the inception of GST in July 2017, businesses have faced challenges, including the inadvertent claiming of Input Tax Credit (ITC) under the wrong tax heads. If you’ve mistakenly claimed IGST instead of CGST-SGST/UTGST (or vice versa), no need
In a significant move toward tightening Input Tax Credit (ITC) regulations and ensuring transparency in GST compliance, the Finance Bill, 2025 has introduced a crucial amendment to Section 34(2) of the Central Goods and Services Tax Act, 2017 (CGST Act). Effective from 1st April 2025, this change directly impacts
The GST ecosystem in India is evolving once again, this time with a decisive shift towards standardization, automation, and stringent data reporting. Effective from 1st April 2025, businesses and professionals will face two critical changes in GST returns:
As the financial year 2024-25 draws to a close, businesses including manufacturers, traders, service providers, and GST consultants, must ensure that all GST obligations are properly fulfilled. A well-planned year-end GST checklist is essential to
In response to the rising volume of complaints regarding unjustified rejections and delays in GST registration, the Central Board of Indirect Taxes and Customs (CBIC) issued Instruction No. 03/2025-GST, dated 17th April 2025. This advisory revamps the registration verification process under FORM GST REG-01, ensuring
